Ann: Exploration and Corporate Update, page-16

Tallplumber.

Even if we only break even on the sale of the building, we will have saved what we would have had to spend on rent for storage and shipping the cores back to wherever for analysis.

What I am upset about, is that the previous management put us in this unenviable position when we had exactly what we needed for a solid base from where to explore our tenements.

It is no good heaping criticism on JW & AT when we should not be in this position at all. We had our own professional base set up in Mt Isa for the future.

I cannot believe that the optimism and hope for the company has been squandered by the previous hopeless team that are now departed. I also cannot believe that some shareholders cannot see this.

To the dearly departed I say GOOD RIDDANCE!!!!!

Lockitt